Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0759%/8h= +83.1% APRnext payment +$0.95 per $10,000 · paid last 24h +0.103%
Price spread now: Pacifica against ApeX Omni+0.692%51s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.409%+$41 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Pacifica is 0.692% dearer against ApeX Omni than usual: you sell high and buy low: +$69 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.409% in total (about 21.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PONSUSDT0.60000.0100pay 0.0013% / 1h24m 39s$34K$348K5x
ShortPacifica PONS0.60420.0859get 0.0107% / 1h24m 39s$48K$67K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$159.45
Price spread: +0.692% → 0.000%
$69.23
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$210.68
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 33 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 33 min ago32.12 bp39.5 bp −$39116.9 bp −$1,169doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.6037+0.614%$240K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−0.517%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6036+0.592%$20K$435K20xas long as short
Gate PONS_USDT+0.0100%4h0.6030+0.492%$5.3M$6.3M20xas long as short
ApeX Omni PONSUSDTlong+0.0100%1h0.6000long leg$34K$348K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6049+0.812%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6051+0.843%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6041+0.675%$26K$533K3xas long as short
HTX PONS-USDT+0.0100%4h0.6060+0.985%$66K$512K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6032+0.525%$1.7M$3.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PONS-PERP+0.0224%1h0.6048+0.783%$3773xas long as short
Variational Omni PONS+0.0242%4h0.6026+0.431%$1.4M$4.0Mas long as short
Nado PONS-PERP+0.0279%1h0.6036+0.600%$71K$129K5xas long as short
Lighter PONS+0.0288%1h0.6040+0.655%$1.7M$884K3xas long as short
OKX PONS-USDT-SWAP+0.0324%4h0.6034+0.558%$13.7M$55.3M20xas long as short
Lighter RH PONS+0.0448%1h0.6041+0.670%$409K$2.5M3xas long as short
Bybit PONSUSDT+0.0461%4h0.6035+0.575%$18.0M$30.8M20xas long as short
Aster PONSUSDT+0.0473%4h0.6040+0.657%$1.1M$2.1M20xas long as short
Bitget PONSUSDT+0.0474%4h0.6037+0.603%$4.6M$11.5M20xas long as short
BingX PONS-USDT+0.0542%4h0.6036+0.592%$3.0Mas long as short
Extended PONS-USD+0.0584%1h0.6035+0.569%$108K$812K5xas long as short
MEXC PONS_USDT+0.0586%4h0.6041+0.675%$7.7M$4.7M20xas long as short
edgeX PONSUSDC+0.0588%4h0.6012+0.195%$18K$292K10xas long as short
Binance PONSUSDT+0.0601%4h0.6035+0.575%$39.5M$95.0M20xas long as short
KuCoin PONSUSDTM+0.0654%4h0.6046+0.760%$1.7M$3.8M20xas long as short
Hyperliquid PONS+0.0762%1h0.6045+0.745%$61.8M$28.2M3xas long as short
BloFin PONS-USDT+0.0827%4h0.6041+0.675%$1.7M$956K20xas long as short
Pacifica PONSshort+0.0859%1h0.6042+0.692%$48K$67K3x
Polymarket Perps PONS-USD+0.0917%1h0.6048+0.787%$69K$1.6M3xas long as short
Phoenix PONS+0.1736%1h0.6020+0.322%$31K$104K3xas long as short